Independent Banker

FEBRUARY 28, 2023

BankOnBuffalo president Michael Noah says the bank’s mobile branch will provide service to those who don’t have easy access to banks. Photos by Luke Copping Photography BankOnBuffalo has hit the road with its new mobile bank, BankOnWheels, to meet the needs of underserved communities.

Mobile 91

Mobile Community Community Bank ATM 91

Independent Banker

NOVEMBER 30, 2021

As more customers moved online, fraudsters took advantage of new and increasingly inventive opportunities to commit remote authentication fraud. Experts say community banks can use education, biometrics and solid cybersecurity practices to fight this growing area of crime. New account fraud. By Elizabeth Judd.

Fraud 160

Fraud Strategy Community Bank New York City 160

Independent Banker

APRIL 30, 2022

Independent Banker’s annual listing top-performing community banks of 2021 alongside interviews with some of the winners. In true community bank fashion, each has its own story to tell and its own path to success. In true community bank fashion, each has its own story to tell and its own path to success.

Community Bank 172

Community Bank Community Montana Taxes 172

American Banker

DECEMBER 15, 2023

The changes include elevating several recently hired executives while eliminating nearly two dozen jobs and trimming annual operating expenses by $6 million.

New York 34

New York Management Operations Community Bank 34

South State Correspondent

SEPTEMBER 20, 2023

The value driver in cash management is that it is usually some sort of operating account at the bank. As such, operating accounts have low-interest rate sensitivity. Here, a tool like IBIS World comes in handy for setting bank strategy as you can look up any of the below industries to see their geographical dispersion.

Management 195

Management Survey Industry Community Bank 195

South State Correspondent

JANUARY 4, 2023

That said, smart banks will make growth a byproduct and ensure they have all their other processes right. In addition, they may consider focusing on these five critical areas: Improve Operating Leverage. It will likely always be on your New Year’s resolution list; it is just a question of where. Why is this so important?

Community Bank 195

Community Bank Capital Lending Training 195

PYMNTS

DECEMBER 9, 2019

Automated business payments processing firm AvidXchange is launching a new fundraising round that could give the firm a $2 billion valuation, The New York Times reported on Monday (Dec. Nashville community bank Studio Bank was the first FI to adopt the AvidPay solution. 9), citing sources.

North Carolina 130

North Carolina Nashville Charlotte Boston 130

Independent Banker

OCTOBER 31, 2021

The CARES Act extended the CECL implementation deadline for many larger community banks until the end of the COVID-19 pandemic. Community bankers tell us that while the extension is welcome, they’re already down the road to implementation. ICBA tells FASB CECL isn’t feasible for community banks. By Stephanie Vozza.

Community Bank 91

Community Bank Community Software New York City 91

Jeff For Banks

JANUARY 27, 2011

I was at a strategic planning retreat a few weeks back where a colleague lauded the concept of bankers getting back to plain vanilla community banking. But if you read or watch interviews of CEOs of community FIs from 2008 forward, you will be bombarded with the message that they didn''t engage in the things that led to the collapse.

Community Bank 71

Community Bank Community Apple National 71

PYMNTS

JULY 3, 2020

As many teams within businesses big and small had continued to rely on paper and manual processes, AP operations were tasked with migrating to a work-from-home environment quickly. Accounts payable (AP) teams and other financial functions of the enterprise were some of the hardest hit by the disruption caused by the global pandemic.

Regional 214

Regional New Hampshire Tools Vermont 214

PYMNTS

JANUARY 23, 2020

The new higher limit affects general transactions on the real-time payments (RTP) network, which is operated by TCH. The new value limit was introduced to address the growing transaction volume and users on the network. There are a number of financial institutions and corporate users that will benefit from the new value limit.

New York 130

New York Community Bank Strategy America 130

The Financial Brand

OCTOBER 4, 2023

This article Flagstar Bank’s New Logo Is Just One Step in ‘Lifestyle Brand’ Makeover appeared first on The Financial Brand. It’s not quite 'Extreme Makeover: Bank Edition,' but Flagstar has big dreams for the rebranding that’ll unite its operations with that of New York Community and Signature.

Branding 35

Branding New York Community Operations 35

Abrigo

JUNE 25, 2015

During leaner years is often when the demand for ag loans increases , as it’s common for those full-time farmers to tap into their community bank to cover operating costs or invest is other lines of the agricultural business. In the Northeast, The Bank of Castile lent the most to farms in Q1.

Community Bank 150

Community Bank Sacramento Lending Wisconsin 150

American Banker

DECEMBER 18, 2019

The Pennsylvania company will pay $65 million for six branches that will join its Buffalo, N.Y., division.

New York 53

New York Pennsylvania Operations Company 53

Independent Banker

DECEMBER 31, 2022

We recently spoke with community bank CEOs from across the country to gain insights on how they’re proactively positioning to manage risks and take advantage of growth opportunities in the coming year. Following some respite in 2022, community bankers are bracing for a tougher economic landscape ahead in 2023. Anita Drentlaw.

Community Bank 91

Community Bank Community Tampa North Carolina 91

ABA Community Banking

AUGUST 14, 2019

small businesses—reported profitability in 2018 than employer firms did, according to Small Business Credit Survey figures released today by the Federal Reserve Bank of New York. The post Fed: Non-Employer Firms Face Challenges with Credit Access, Operating Expenses appeared first on ABA Banking Journal.

Operations 40

Operations New York Survey Report 40

ABA Community Banking

AUGUST 14, 2019

small businesses—reported profitability in 2018 than employer firms did, according to Small Business Credit Survey figures released today by the Federal Reserve Bank of New York. The post Fed: Non-Employer Firms Face Challenges with Credit Access, Operating Expenses appeared first on ABA Banking Journal.

Operations 40

Operations New York Survey Report 40

CFPB Monitor

AUGUST 22, 2016

The CFPB has announced the appointment of new members to its Consumer Advisory Board, Community Bank Advisory Council, Credit Union Advisory Council, and Academic Research Council. Retail Bank, Citibank, New York, NY. Lisa Servon, Professor, The New School, New York University, New York, NY.

San Antonio 60

San Antonio Kansas City Groups CA 60

American Banker

JULY 1, 2020

The transaction will create an $11 billion-asset banking company with operations in a number of markets around New York City.

New York City 65

New York City New York Operations Marketing 65

Independent Banker

SEPTEMBER 25, 2014

As a group, community banks spend substantial funds hiring outside consultants to help with various management functions, and a substantial share of dollars are spent to help oversee their risk management and compliance activities. Community banks often already have the expertise handy in-house, they say.

Community Bank 70

Community Bank Compliance Risk Management Community 70

Jeff For Banks

NOVEMBER 19, 2014

The above chart is from a Federal Reserve Bank of San Francisco Economic Letter: Slow Business Start-ups and the Job Recovery published in July. But in strategic planning retreats that I moderate, community financial institutions insist that they lend to small businesses. Some took offense. Yes, a loan is the most often cited.

Lending 93

Lending San Francisco Community Community Bank 93

CFPB Monitor

SEPTEMBER 21, 2015

The CFPB announced the appointment of new members to its Consumer Advisory Board, Community Bank Advisory Council, and Credit Union Advisory Council. New members to the Consumer Advisory Board will serve three-year terms and new members to the Community Bank and Credit Union Advisory Councils will serve two-year terms.

Groups 60

Groups Los Angeles San Francisco Community Bank 60

Jeff For Banks

APRIL 25, 2014

September 2004, driving from a meeting in New York, on the grossly miss-titled Cross Bronx Expressway, Nathan Stovall, a reporter from SNL Financial gave me a call. The question: What was up with an upstate New York bank? The angry phone call I later received from a bank director was well deserved. "Our

Community 93

Community New York Indiana Connecticut 93

Independent Banker

FEBRUARY 28, 2022

Tioga State Bank aims for a pragmatic approach to its swag. Promotional merchandise, or swag, has long been regarded as a no-brainer approach to business branding, but community banks are shedding those thrifty connotations with a new, mindful approach to company gifting that imparts value and purpose while bolstering bottom lines.

Branding 167

Branding Community Community Bank Iowa 167

Independent Banker

SEPTEMBER 26, 2014

Michael Gilfeather on trust services opportunities in New York. The area is also home to a large base of successful organic farming operations. in its 122-year history, so I don’t have some of the proprietary knowledge about the bank and our customers that some of the previous leaders have garnered over their careers.

New York 79

New York Community Community Bank Regional 79

Independent Banker

MARCH 15, 2015

So building trusted, one-on-one relationships—what community bankers do best—is an avenue to serving millennials effectively and establishing long-term and potentially lifelong relationships with the economically pivotal generation. “A But do community banks know the unwritten rules of successfully engaging with millennials?

Millennials 70

Millennials Community Bank Community social media 70

Independent Banker

FEBRUARY 24, 2015

So building trusted, one-on-one relationships—what community bankers do best—is an avenue to serving millennials effectively and establishing long-term and potentially lifelong relationships with the economically pivotal generation. “A But do community banks know the unwritten rules of successfully engaging with millennials?

Millennials 70

Millennials Community Bank Community social media 70

Jeff For Banks

DECEMBER 9, 2020

On October 29, 2020, the New York State Department of Financial Services (DFS) issued a letter to all depositories and non-depositories regulated by them regarding climate change and financial risks. The top 10 banks already control over 50% of all US banking assets. This post is not about climate change.

Lending 78

Lending Regulation Community National 78

ForwardBanker

JANUARY 30, 2019

Just a few short years ago, banking experts encouraged community banks to tie variable rate loans to LIBOR. They said the switch would help smaller banks compete with big banks, while reducing their basis risk, operational overhead, and more. The post Should you be doing something with reference rates?

Community Bank 41

Community Bank Community Operations New York 41

Banking 2020

SEPTEMBER 7, 2015

In 2012, the city of New York passed legislation known as the Responsible Banking Act. In August, a federal court found it unconstitutional, ruling that despite valid concerns, “the means by which it sought to harness banks to redress those concerns intrudes on the province of the federal and state governments.”.

New York City 40

New York City New York Community Industry 40

Abrigo

JUNE 5, 2023

Data-driven decisions for managing financial institution risk while driving growth and increasing efficiency are especially important given the recent failures of Silicon Valley Bank, First Republic Bank, and Signature Bank of New York.

Report 195

Report Risk Management Capital Data 195

Independent Banker

NOVEMBER 13, 2014

In addition to allowing people to access the Web unobtrusively, today’s wearable devices—most of which operate in tandem with a smartphone—allow consumers to send email and text messages and take pictures or video. Most also enable online banking transactions or even retail payments. Kathryn Jackson Fallon is a writer in New York.

Technology 79

Technology Google Community Bank Samsung 79

Gonzobanker

MAY 8, 2015

The annual LendIt conference was held last month at Times Square in New York City and GonzoLender descended boldly on the scene to evaluate the mysterious underbelly of digital lending. The lending attack on community banks and credit unions has been waged. I’ll repeat that: one credit union and one community bank.

Conference 60

Conference Lending Community Bank Community 60

Jeff For Banks

MARCH 3, 2018

How do we balance strategic direction, customer demand, and the futurist or wildly over-caffeinated millennial that tells us we have to implement every shiny new object or we'll die? Six years ago I asked in a blog post Will Plain Vanilla Kill Community Banking ? Did I get caught up in the change-or-die crowd? A 26% decline.

Apple 66

Apple Millennials Massachusetts FDIC 66

Independent Banker

JUNE 30, 2022

Last year, community bank loan producers were faced with both record-low interest rates and a glut of deposits. But as they always do, they came through for individuals and businesses in their communities with a combination of personalized service and prudent risk management practices. And in New Albany, Miss.,

Community Bank 172

Community Bank Community National Philadelphia 172

American Banker

AUGUST 3, 2016

Unity Bancorp is raking in money from holding and selling 7(a) loans, but don't expect the bank to extend its operations beyond New Jersey and New York. Management learned that lesson the hard way during the financial crisis.

New Jersey 28

New Jersey National New York Operations 28

Gonzobanker

DECEMBER 17, 2021

Union has been a stalwart of the California marketplace since the ’50s, and this gives Andy Cecere and team a great expansion into the Golden State and also some nice wholesale banking business. Lots of tech and operations to clean up, it appears, but no solid bank is better qualified than the team from Minneapolis. You tell us.

Fintech 143

Fintech Strategy Leadership Lending 143